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  • Facing Foreclosure or in a pre-forclosure and want to save your credit
  • More than 2 payments behind on your mortgage
  • Have multiple mortgages on your property
  • Want to avoid the time-consuming hassle of listing your house with a realtor
  • Going through a divorce
  • Relocating or job transfer
  • Going through an estate settlement or probate
  • House is too run down to put on the market
  • House has been on the market for too long and you want to sell NOW.
  • Need cash in a hurry .
  • Need help staying in your home?
  • Need help finding a home after you sell?
SELLER REQUEST FORM
 
 

Behind on Your Payments in Guadalupe, Arizona? Paying Cash For Houses Can Assist You

Facing the foreclosure of your home can be daunting in Guadalupe, Arizona. Usually, missed mortgage payments mean financial difficulty that echoes throughout your entire credit report. Talking with your lender at the first sign of financial difficulty may initiate various foreclosure prevention programs. However, not every homeowner’s situation can be resolved in this manner.

If you are behind in your payments and do not qualify for any foreclosure prevention program then you may consider the following:

  • Short Sale. A short sale is the sale of real property where the sale price is less than the loan balance on your mortgage. How does this work? Let’s say you sale your home for $400,000.00 in a short sale to stave off foreclosure. However, your mortgage balance is $436,533.65. How is the remaining $36,533.65 taken care of? Before the short sale takes place, you must get your lender to forgive or waive the shortfall between the sale price and the mortgage balance. Sound great? Consider the following: you have to get your lender to agree to the short sale, which may be as daunting a task as facing the foreclosure. Also, you may face a tax liability on the amount of debt that was waived or forgiven. That means that you could face paying taxes on $36,533.65. Since most Americans fall within the 25% tax bracket you could face almost $9000.00 in taxes. However, since everyone’s tax situation is different you should consider consulting an accountant if a short sale seems to be an ideal option for you.
  • Selling Your House. A lender may also postpone a foreclosure if you put your home on the market. This method works best if you have equity in your home. How does this work? Let’s say a real estate agent has estimated that your home is worth $600,000.00. Your mortgage balance is $456.678.23. This means that you have an equity balance of $143,321.77. If you sell your home you will have sufficient funds to pay off the mortgage, which means that you do not need a lender to agree to forgive or waive any balance. Additionally, at $600,000.00 you would still be able to pay the expenses associated with a sale such as real estate agent fees and attorney fees. You will even be able to walk away with some cash that will help you ride the wave of financial instability. If selling your home is the best option for you or you would like to investigate selling your home as an option then contact (480)777-CASH or go to www.payingcashforhosues.com. We pay cash for homes and land and will help you sell fast. After all, we buy and sell homes and land all across the Arizona landscape. We specialize in Maricopa County cities such as Phoenix, Glendale and Mesa, but we can help you sell your Arizona home regardless of location. Give us a call today and let us help you.

 

 
 
 
   
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